Answer:
Savings, taxes, and imports are "leaked" out of the main flow
Explanation:
Answer: Enterprise System.
Explanation:
An enterprise system is a software system used by an organization to gather information/data from different departments in the organization: The information gathered can be easily accessed or used by the different departments of the organization.
1. The answer is<u> "A. checking one's financial records against the bank’s".</u>
Reconciling an account frequently implies demonstrating or reporting that a record balance is right. For instance, we accommodate the parity in the general record account Cash in Checking to the equalization appeared on the bank articulation. The goal is to report the right sum in the general record account Cash in Checking. You will regularly need to modify the general record account balance for things showing up on the bank explanation that were not entered in the general record account.
2. The answer is <u>"b. They last for a set period of time".</u>
A certificate of deposit (CD) is a funds declaration with a settled development date and indicated settled financing cost that can be issued in any category beside least venture necessities. A CD confines access to the assets until the point that the development date of the venture. Certificates of deposit are for the most part issued by commercial banks and are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per person.
Answer and Explanation:
The Journal entry is shown below:-
March 20
Accumulated depreciation - Delivery Truck Dr, $1,890
To Cash $1,890
(Being the replacement of transmission and capitalizing the transmission cost is recorded)
June 11
Delivery Truck Dr, $1,350
To Cash $1,350
(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)
November 30
Repairs and Maintenance Expense Dr, $55
To Cash $55
(Being the payment for changing the oil and air filter is recorded)
